Zacks Research Downgrades Dana (NYSE:DAN) to Strong Sell

Dana (NYSE:DAN) was downgraded by analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a note issued to investors on Tuesday,Zacks.com reports.

Several other research firms also recently weighed in on DAN. Wells Fargo & Company decreased their target price on Dana from $36.00 to $33.00 and set an “equal weight” rating on the stock in a research report on Friday, June 12th. Weiss Ratings raised Dana from a “hold (c-)” rating to a “buy (b-)” rating in a research note on Monday, May 18th. Barclays raised their target price on Dana from $32.00 to $41.00 and gave the stock an “overweight” rating in a research note on Monday, March 30th. Wall Street Zen downgraded Dana from a “buy” rating to a “hold” rating in a report on Sunday, April 19th. Finally, Royal Bank Of Canada reiterated an “outperform” rating and issued a $41.00 price objective on shares of Dana in a report on Friday, June 12th. Six research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Dana presently has an average rating of “Moderate Buy” and a consensus target price of $39.67.

Dana Stock Down 5.1%

Shares of DAN opened at $28.42 on Tuesday. The company has a current ratio of 1.57, a quick ratio of 1.09 and a debt-to-equity ratio of 0.61. Dana has a 12 month low of $15.31 and a 12 month high of $39.56. The stock’s 50 day moving average is $35.06 and its two-hundred day moving average is $31.19. The firm has a market cap of $3.08 billion, a P/E ratio of 2.76 and a beta of 1.94.

Dana (NYSE:DAN) last issued its quarterly earnings data on Friday, May 15th. The auto parts company reported $0.14 EPS for the quarter, missing the consensus estimate of $0.32 by ($0.18). The business had revenue of $1.87 billion during the quarter. Dana had a net margin of 15.12% and a return on equity of 3.56%. Analysts predict that Dana will post 2.26 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Dana

Several hedge funds have recently bought and sold shares of DAN. SG Americas Securities LLC grew its holdings in Dana by 1,341.4% during the 1st quarter. SG Americas Securities LLC now owns 690,454 shares of the auto parts company’s stock valued at $23,234,000 after buying an additional 642,552 shares during the last quarter. Loomis Sayles & Co. L P boosted its holdings in shares of Dana by 61.2% during the fourth quarter. Loomis Sayles & Co. L P now owns 1,591,768 shares of the auto parts company’s stock worth $37,820,000 after purchasing an additional 604,246 shares during the last quarter. Tudor Investment Corp ET AL boosted its holdings in Dana by 1,706.3% in the third quarter. Tudor Investment Corp ET AL now owns 213,144 shares of the auto parts company’s stock valued at $4,271,000 after acquiring an additional 201,344 shares during the last quarter. Bessemer Group Inc. boosted its holdings in Dana by 44.3% in the first quarter. Bessemer Group Inc. now owns 208,088 shares of the auto parts company’s stock valued at $7,002,000 after acquiring an additional 63,879 shares during the last quarter. Finally, Russell Investments Group Ltd. boosted its holdings in Dana by 3.1% in the third quarter. Russell Investments Group Ltd. now owns 927,987 shares of the auto parts company’s stock valued at $18,597,000 after acquiring an additional 27,712 shares during the last quarter. 96.79% of the stock is owned by hedge funds and other institutional investors.

Dana Company Profile

Dana Incorporated is a global leader in the design and manufacture of drivetrain, sealing, and thermal-management technologies for the automotive, commercial vehicle, off-highway and industrial markets. The company’s product portfolio includes axles, driveshafts, transmissions, e-Propulsion systems and thermal-management assemblies that help improve fuel efficiency, reduce emissions and enhance vehicle performance. Dana’s expertise spans internal combustion and electrified powertrains, positioning it to support both traditional and next-generation mobility solutions.

Founded in 1904 by Clarence W.